Hints and tips:
...Powell said during an interview with 60 Minutes on Sunday that Fed policymakers still expected to make three quarter-point cuts in 2024....
...Jay Powell: The Federal Reserve chair is to be grilled by lawmakers following his semi-annual testimony before the House financial services committee this morning....
...When Jay Powell said this month that the Fed was “not far” from having the confidence to start cutting interest rates, traders had fully priced in a July cut and many market participants were still betting...
...Additional reporting by Peter Wells in New York...
...Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...The indices closed more than 1 per cent lower on Tuesday following Powell’s remarks to a congressional panel....
...Peter Schaffrik, an economist at RBC Capital Markets, said this was “one of the last months where base effects will exert a significant drag” referring to downward pressure on inflation caused by the drop...
...Since the Federal Reserve’s January policy meeting, chair Jay Powell has pushed back against market bets on rapid interest rate cuts....
...Instant Insight: If there’s anything we’ve learned about US politics in the age of Trump it is that pollsters almost always get it wrong, writes Peter Spiegel. This time was no different....
...Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...“The US retail sales data was super strong, no wonder yields have bounced back,” said Peter Schaffrik, global macro strategist at RBC Capital Markets....
...And so I think we need to take Fed chair Powell at his word....
...“You have to keep two conflicting things in your head at the same time,” said Peter Fitzgerald, chief investment officer for multi-asset and macro at Aviva Investors....
...The moves follow a recent rush into stocks and bonds, fuelled by growing expectations that the US Federal Reserve will soon cut borrowing costs despite chair Jay Powell’s assertion on Friday that it was...
...Up until the Powell pivot in 2018-19 [when Jay Powell’s Federal Reserve switched from raising to lowering rates], tech wasn’t at a particularly substantial P/E premium relative to the market....
...The exhibition of Kenyan paintings by Jemma Powell donates 25 per cent of profits to African conservation charity Tusk....
...Banerjee can’t have been alone because its writer, Phoebe Eclair-Powell, did win. “What I loved was its treating all the characters with a great deal of empathy,” he says....
...Powell “may have wanted to increase the optionality towards a pause, but in the way he answered questions he pushed too far,” said Peter Hooper, vice-chair of research at Deutsche Bank, who worked for the...
...Some members of the index will peter out, but others will soar. Its diversification makes it intrinsically safer than its average member from the point of view of capital preservation....
...Fed chair Jay Powell homed in on this last month at the central bank’s symposium in Jackson Hole, Wyoming....
...Storm Thorgerson and Aubrey “Po” Powell were art-school stoners who had hung out with members of Pink Floyd in Cambridge since the days when they were still called The Pink Floyd....
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